806 NE 16th 1-8 Fort Lauderdale, FL $ 2,450,000
806 NE 16th 1-8
$ 2,450,000
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806 NE 16th 1-8

Fort Lauderdale, FL, 33305
$ 2,450,000
Bedrooms8 Baths8.0 Sq 6,606

Monthly Estimate*

$ 15,085

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Commercial Property for sale in Fort Lauderdale, FL

for $2,450,000 with 8 bedrooms and 8 full baths. This 6,606 square foot building was built in 1970 on a lot size of 0.25.

Exceptional prime investment opportunity in a highly desirable Fort Lauderdale location just steps from Wilton Manors and vibrant Wilton Drive. This well-maintained 8-unit multifamily property features spacious 2-bedroom, 1-bath units with large bedrooms, terrazzo floors, impact windows, and more. The property enjoys strong year-round occupancy and includes a common laundry area that generates additional income. Current leases do not include water, offering a new owner the opportunity to further increase revenue potential. Ideal for investors seeking flexibility, this property presents the opportunity to operate as a combination of short-term furnished rentals and long-term annual leases. Conveniently located just a few miles from the beach, shopping, dining, and major highways.

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Commercial Active

Price

$ 2,450,000

Bedrooms

8

Full Bath

8

Property Type

Commercial

Taxes

$ 25,362

Style

Lot Size

0.25

Year Built

1970

Town/City

Fort Lauderdale

County/Region

Broward

MLS | Web ID

B26031058

Features
General
Sewer Public Sewer
Heating Wall Furnace
Cooling Ceiling Fan(s) Wall/Window Unit(s)
Utilities Electricity Available Other Sewer Available Water Available
Possession Close Of Escrow
Roof Flat Tile
HOA Fee 0
Association Fee Includes Maintenance Grounds Sewer Water
Construction Materials Stucco
Year Built 1970
Electric Other
Tenant Pays Grounds Care Other Sewer Water
Stories Count 2
Levels Two
Unit Number 1-8
Property Subtype Multi Family
Tax Year 2025
Ownership Limited Partnership
Gross Income 153000
Community Features Laundry Facilities
Building Name 806
County Broward
Property Type Commercial Sale
Full Baths 8
Special Listing Conditions Listed As-Is
Status Active
Directions SUNRISE BLVD TO NE 4TH AVE GO NORTH THEN ON NE 16TH STREET GO EAST THEN LEFT ON NE 8TH AVE THEN RIGHT ON NE 16TH PL. PROPERTY ON THE RIGHT.
City Fort Lauderdale
Disclosures Owner Is Listing Agent
Senior Community Y/N false
Zoning Description RDS-15
Number Of Units Total 8
MLS Area 3370
Lot Size Units Square Feet
Listing Terms Cash Conventional
Year Built Details Resale
Tax Annual Amount 25362
MLS Area Minor Ft Ldale NE (3240-3270;3350-3380;3440-3450;3700)
Virtual Tour https://www.propertypanorama.com/806-NE-16th-Place-Unit-18-Fort-Lauderdale-FL/unbranded
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 1135550
Total Actual Rent 153000
Expected Active Date 2026-05-20
Legal Description LAUDERDALE PARK 6-33 1/2 B LOT 7 8 BLK 6
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Interior
Flooring Hardwood Terrazzo Tile Wood
Total Stories 2
Air Conditioning Y/N true
Heating Y/N true
Total Bedrooms 8
Total Baths 0
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Exterior
Exterior Amenities Fence
Parking Features Assigned
Lot Features Interior Lot Sprinkler System
Water Source Public
Total Parking 9
Number of Buildings 1
Building Area Total 6606
Lot Size Acres 0.25
Covered Spaces 0
Number of Separate Electric Meters 1
Road Frontage Type City Street
Road Responsibility Public Maintained Road
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* Excluded Features
List By
Gibson Real Estate Services

Broker

rosy@gibsonrealtyservices.com

Email

Affordability Calculator

$17,199
Per Month
88%
12%
0%
Monthly Principal & Interest
$15,085
Monthly Property Taxes
$2,114
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/11/2026$2,450,000 Listed Price

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806 NE 16th 1-8, Fort Lauderdale, FL, 33305 is a Commercial Property for sale at $2,450,000 with 6,606 sqft and a lot size of 0.25. 806 NE 16th 1-8 has 8 bedrooms, 8.0 baths, and was built in 1970. The property's zip code is 33305 which is in Fort Lauderdale, FL